The percentage of cryptocurrency startups launching in Africa and Asia reached record highs in the first half of 2024, surpassing the United States and Canada amidst regulatory uncertainties. Europe emerged as the top destination for new crypto startups with a 31.4% share, followed by Asia at 26.8%. Alliance DAO experts attribute this shift to regulatory concerns in the US and increased adoption of digital assets in emerging markets. Africa's share rose to 5.2%, just below Latin America, while Oceania accounted for only 1.8% of total crypto startups. Regulatory challenges in the US have led some service providers to exit the market, while the number of startup founders from Big Tech companies has declined. Additionally, there has been a decrease in founders from top-ranked universities. The data, compiled by Alliance, provides valuable insights into the evolving landscape of the cryptocurrency industry. Read more AI-generated news on: https://app.chaingpt.org/news
